Identify the Correct Statement

question 112

Multiple Choice

Identify the correct statement.

• A)Aggregate demand alone determines equilibrium price and output.
• B)Aggregate supply alone determines equilibrium price and output.
• C)Aggregate demand and aggregate supply determine equilibrium price and output.
• D)Aggregate demand shows the positive relationship between price level and real GDP.
• E)Aggregate supply shows the negative relationship between price level and real GDP

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Definitions:

Intervening Variable

A hypothetical variable used to explain the relationship between variables, mainly in psychological research.

Food Deprivation

The condition of being without enough food to eat, which can lead to malnutrition and a host of physical and cognitive issues.

Carbohydrates

Organic compounds made up of carbon, hydrogen, and oxygen atoms that serve as a major energy source for the body.

Behaviorists

Psychologists who focus on observable behavior and the ways in which learning influences behavior, often through the principles of conditioning.